Sell BPCL; buy Ashok Leyland, Ceat, Hexaware: Ashwani Gujral

Ashwani Gujral of ashwanigujral.com told CNBC-TV18, "Bharat Petroleum Corporation (BPCL) is a sell as oil marketing is getting hammered. This is a sell with a stop loss of Rs 771 and look for targets of Rs 740.""To all of this mayhem, Ashok Leyland has hung on to this Rs 88-90 zone. That in itself is a fairly strong sign given that compared to Tata Motors, it has run poorly so Ashok Leyland is a buy with a stop loss of Rs 84 and target of Rs 96," he said."Ceat went from Rs 1,100 to 1,200, it has had a small correction and is finding support at lower levels around Rs 950 odd. Since we are going long a little bit, I think the stock could have a rally plus it has the trigger of lower commodity prices etc. So it is nice stock, this is a buy with a stop loss of Rs 940 and target of Rs 975.""Hexaware Technologies after some sort of a decline is now beginning to push on the upside. Midcap IT tends to do much better, in this environment with large money not coming in midcaps will probably do bit better, so with weak rupee etc this is a buy with a stop loss of Rs 225 and look for targets of Rs 242.""HDFC is coming down, so Indiabulls Housing will come down. So, this is a sell with 605, target of Rs 575 so it is important to look have some calls on the downside because it will to be a one way rally. Often you could see second half the rally is not sustaining so that is why you should have couple of sell calls as well.""PSU Banks had large move on Monday, after that they have consolidated. Generally once this sort of action happens there is follow-through. So, as we get towards the top of this rally you will have some more flourish on PSU banks, so many be another 10-15 percent on all of them cannot be ruled out.""You can have two perspective from a main reversion style perspective. State Bank of India (SBI) still has lots of shorts and out there you could see rallies. However, Bank of Baroda (BoB) I believe is consolidating. It is a strong PSU bank in the overall context. BOB and SBI are the two banks we would look at.""For ITC Rs 300 has been a floor for a long time. May be, now it is probably settling into a lower range. So below Rs 300 it is a weak stock. In fact it is one of my sell calls for Rs 930. Taxes on at least ITC can be raised if nowhere.""ITC is a sell with a stop loss of Rs 301 for target of Rs 285. Aurobindo Pharma continues to move lower today, midcap pharma is not having such a good day. So, that is a sell stop loss of Rs 642 and target of Rs 615. Marico is a buy with a stop loss of Rs 230 for target of Rs 246."